Sunday, January 19, 2014

New Millennium Games' NOW! 1-19-2014 Week in Review

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New Millennium Games

$5.5 million fine keeps CG alive
There is a reason officials from CG Technology (formerly Cantor Gaming) said they were “glad to have reached a resolution” with Nevada gaming regulators and will pay the largest fine ever leveled against a casino or affiliated company.

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U.S.: Draft legislation aimed at prohibiting internet gambling
Over the weekend, a draft of the “Internet Gambling Control Act” surfaced on the internet. This proposed legislation, attributed by industry websites to the Coalition to Stop Internet Gambling, seeks to expand the scope of The Wire Act (18 USC § 1084) to affirmatively prohibit Internet gambling. Speculation is that Mr. Sheldon Adelson, the international casino magnate and Chairman / CEO of Las Vegas Sands, is backing the Coalition.

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